Market Trading Guide: Coal India, Motherson Sumi and 2 more smallcaps are stocks to buy on Friday

Indian headline indices conceded their morning gains on a volatile Thursday, dragged mainly by IT and energy stocks. Most auto stocks also shed their morning gains to close lower. The daily close was just below the 21 EMA, indicating a continuation of weakness, although the index appears to be nearing a potential trend reversal. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty pared most of its gains after a gap-up start driven by optimism over GST reforms. “A decisive move above 24,750 could provide the strength needed for the Nifty to move towards 25,000. A sustained move above 25,000 could trigger a further rally. On the other hand, failure to close above 24,750 within the next two to three days may lead to renewed selling pressure on the index," De said.Here are 4 stock recommendations for Friday: Market Outlook